Category: Policy Watch

Reportedly, Indian Railways is set to fall short of the asset monetisation targets due to the reluctance of the state-run transporter.

In a bid to regulate the administration of Railways Boards, a new arm has been constituted for overseeing implementation of projects under Gati Shakti Master Plan.

The government is planning to slightly change the land use policy and reduce the land licensing fee (LLF) for industrial use to 3.5 per cent from 6 per cent.

The central government has launched the ‘innovation policy’ on April 21, 2022.

Reportedly, Indian Railways (IR) is internally revising its freight target for 2022-23.

In a bid to boost investment from the industry for development of additional terminals for handling rail cargo, the Gati Shakti Multi-Modal Cargo Terminal (GCT) policy was formulated in December 2021.

Reportedly, Indian Railways (IR) has tweaked the interest rate charged on advance payment to the contractors.

Reportedly, Indian Railways is working on and is expected to come up with a policy to make private-sector research and development (R&D) a major part of the railway budget by March 10, 2022.

In a notable development, Indian Railways (IR) has issued the official notification announcing the creation of Indian Railways Management Service (IRMS) to remove silos within the management structure and improve efficiency.

Indian Railways (IR) is planning to restore passenger traffic to pre-pandemic levels, although with lower revenue expectations.

Railway Budget 2022-23

Economic Survey of India 2021-22

Indian Railways has made continuous efforts to associate more industry partners with its supply chain and taken steps in this direction to enhance ease of doing business for industry.

In a bid to promote use of electric vehicles (EV), Niti Aayog has prepared a draft policy for the Indian Railways to set up EV charging infrastructure at railway stations across the country.

The government is planning to reorganise companies under the Ministry of Railways which will result in the development of a single public sector undertaking (PSU) to manufacture rolling stock and locomotives.

The Railway Board has issued an order requiring public sector enterprises (PSU), including those under the national transporter, to compete in the free market for rail contracts with the private sector.

In a bid to rightsize the railways, the Railways Board has ordered the closing of Indian Railways Stations Development Corporation (IRSDC).